Jack Pacheco's questions to Armstrong World Industries Inc (AWI) leadership • Q1 2025
Question
Jack Pacheco of Loop Capital Markets inquired if the Mineral Fiber guidance includes a second price increase for the year. He also requested more detail on current bidding activity across different verticals, particularly the office market.
Answer
CFO Christopher Calzaretta confirmed that the guidance assumes a normal cadence of two price increases per year, with AUV growth expected to be driven more by price than mix. CEO Victor Grizzle added that while high-level bidding data softened in Q1, ground-level project bidding for ceilings remains active and steady across data centers, transportation, schools, hospitals, and office tenant improvements. He noted the company is watching for any slowdown in the discretionary portion of this activity.